06/11/2012
Liechtenstein’s second-biggest bank, also known as LLB, is one of 11 financial firms, including Credit Suisse Group AG and Julius Baer Group Ltd., being investigated as part of a U.S. probe of offshore tax evasion.
06/11/2012
Liechtenstein’s second-biggest bank, also known as LLB, is one of 11 financial firms, including Credit Suisse Group AG and Julius Baer Group Ltd., being investigated as part of a U.S. probe of offshore tax evasion.
06/08/2012
Giving evidence to the Senate Banking Committee, Thomas Curry, the US Controller of the Currency, said the body would pursue 'all appropriate measures' if corrective action was necessary.
06/08/2012
Swiss private bank Lombard Odier and regional savings bank Banque Cantonal Vaudoise both said they will contest the claims of trustee Irving Picard, who is seeking $179.4 million and around $10 million respectively from the banks.
06/08/2012
Two sides in an industry divided over how to oversee investment advisers faced off on Wednesday before U.S. lawmakers considering a bill that would ramp up protections for investors.
06/07/2012
Kaupthing failed with the rest of Iceland’s largest lenders in October 2008 after it was unable to secure short-term financing.
06/07/2012
The claimant, who has been granted anonymity, brought the judicial review proceedings to challenge a decision made by the Regulatory Decisions Committee to issue a decision notice against him in October 2010.
06/07/2012
Oppenheimer agreed to pay more than $35 million to settle the SEC’s charges.
06/07/2012
Irving Picard, the trustee, filed complaints seeking a respective $354.9 million and $179.4 million from Swiss private banks EFG Bank SA and Lombard Odier Darier Hentsch & Cie
06/06/2012
The deal was inked by India's Minister of State for Finance (Expenditure and Financial Affairs) Shri Namo Narain Meena and Bahrain's Minister for Transportation H.E. Kamal Ahmad.
06/06/2012
He staged a comeback in banking earlier this year as chairman of Banca Monti dei Paschi di Siena.
06/06/2012
Pressure on the SNB to resort to unorthodox measures to defend its limit of 1.20 francs per euro could be mounting as the escalating euro-area debt crisis prompts investors to seek the Swiss currency as a safe haven.
06/05/2012
Ex UBS CEO said at weekend he wanted SNB to end cap
06/04/2012
While cocaine production ravages countries in Central America, consumers in the US and Europe are helping developed economies grow rich from the profits, a study claims
06/01/2012
Kevin Downing, 46, who has led agency criminal probes of the Swiss banking industry, and earlier of banks and accounting firms, is leaving to join a law firm, the source said.
06/01/2012
He agreed to pay a civil FBAR penalty of $5.75 million as well as taxes due of $312,803.
05/31/2012
Ex-UBS employees, including former Managing Director Sachin Karpe, are accused of unauthorised transactions on 39 client accounts, of which 21 reported substantial losses.
05/31/2012
The High Court judge ruled earlier this month ruled in favour of the of the 104 former Dresdner Kleinwort bankers who sought a legal battle with Commerzbank over unpaid guaranteed bonuses that had been promised to them shortly before the investment bank w
05/30/2012
He advised 57 of his customers to invest in UCIS, 14 of whom also invested in other non-mainstream investments.
05/29/2012
Jordan said the SNB will continue to defend this level with utmost determination, even under very difficult circumstances.